This incident gave rise to the question and the idea of having a national bank with a mission to serve the national needs as its priority, help the economic growth of the country, and look after the savings of its clients. In fact, a meeting was held with the late Amir of Kuwait, H.H. Sheikh Abdullah Al-Salem Al-Sabah, who congratulated them on the idea and promised them his complete support. An Amiri decree was issued on May 19, 1952 to open the National Bank of Kuwait, and NBK started operations on November 15th 1952.
NBK founders are:- Khalid Zaid Al- Khalid- Ahmed Saud Al-Khaled- Khalifa Khalid Al-Ghunaim- Khaled Abdullatif Al-Hamad- Sayed Ali Sayed Sulieman Al-Rifai- Yousef Abdulziz Al-Fulaij- Yousef Ahmed Al-Ghanim- Mohamed Abdulmohsen Al-Khorafi- Abdulaziz Hamad Al-Sager
NBK was the first national bank in Kuwait and the entire Arabian Gulf region. All the board members and the founders of NBK were renowned merchants of Kuwaiti origin. NBK was established with a capital of 13,100 shares, each valued 1,000 Rupee equivalent to KD 75 today. Over the years NBK has proved itself to be a financial leader in the Arab world.
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